- Malaysian Ministry of Finance announced expansion of service tax exemptions for logistics service providers
- Expansion includes exemptions for logistics services for directly exported goods, trans-shipment activities, and transit activities
- Door-to-door logistics services and food and beverage delivery services made via e-commerce also included
- Business-to-business logistics service tax exemption to cover components of exempt logistics services to avoid double taxation
- Guideline amendments to be finalized to make changes enforceable
- Newly registered logistics service providers must begin charging 6 percent service tax rate by April 1
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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